Edition 840 Long/Buy Market SGX Nifty Nifty Key Levels Support Long/Buy Long/Buy Long/Buy Long/Buy Long/Buy Narnolia Securities Ltd Market Research Dabur India is in continuous uptrend since January 2017. The stock has given a bullish breakout above 200 DMA with decent volumes. So some fresh buying is likely to emerge in the stock at the current level. Trend that started last Thursday remained in motion yesterday as well. Derivative open interest is helping Nifty remain firm but high valuation and weakening price pattern is forcing mid and small cap to fall. Nifty Mid and Small cap has surely entered into a corrective zone and any corrective or bounce back rally will be an opportunity to trim positions. One must reshuffle portfolio by reducing position in small & micro cap growth stock and add weightage to mid and large cap quality stock. Option data is indicating unwinding of positions in Put Back spread hinting some more downside in the near term. Nifty range for remaining two trading sessions in May series remains 9300-9500. Interestingly S&P 500(US) is back to 2400 levels ignoring Trump/Comey/Russia fears of last week. MERCK 22th Mar 2017 Today Infy has broken the consolidation patter on upper side with resonable volume. Therefore we advise our client to buy near 935 for the first price target of 967 and second price target of 985 with 903 as SL. Stochastic is also in rising trend. After consolidating near 50 DMA since last one month, MERCK Ltd. has given a sharp pullback rally yesterday. The stock has also given a channel breakout above Rs 1020 with decent volumes. Therefore we advise traders to initiate long position in the stock near Rs 1025 with a stop loss of Rs 928. The upside targets are Rs 1123 and Rs 1248. The indicators (like RSI and MACD) are in oversold zone suggesting some fresh upside in the extreme short term. Market Outlook INFY 3th May 2017 RTNPOWER 4th May 2017 Stock is in rising trend and rising in the form of 1,2,3,4,5,6,7. Hence we advise our client to buy near 8.65 for the first price target of 9.05 and second price target of 9.35 with 8.25 as SL. Stochastic is also trying to take support near preceding bottom. Today GSPL has confirmed the low point of wave 4, Hence we advise our client to buy near 176.40 for the internal wave iii target of 183.50 and 189 of wave 5 with 169.40 as SL. Volume is support during confirmtion of point 4. GSPL 10th May 2017 DABUR 3th April 2017 Technical & Quant Update Value % Change Resistance S1: 9309 24th May 2017 9400.00 0.08% R1: 9505 Trading Calls Today it has broken the trend reversal trend line with good volume. Therefore we advise our client to buy near 67.60 for the price target of 72.20 and 74.30 with 63.40 as SL. ASHAPURMIN 16th May 2017 INFY first targ achived at Rs 935 1 Day 1 Week 1Month 1 Year Auto Components (1.1) (3.7) 1.4 41.8 Automobiles 0.8 (1.9) 6.3 32.0 Chemicals (1.4) (5.3) (0.5) 31.9 Consumer Finance (0.9) (8.0) (3.4) 44.7 Construction & Engg 0.2 0.1 5.2 32.5 Div. Financial Services 0.9 2.0 12.2 58.7 Electrical Equipment (2.3) (7.0) (3.6) 23.1 Energy (1.4) (4.9) (4.4) 47.3 Financials (0.8) (4.1) 2.1 46.9 Household Durables (1.8) (6.6) (3.7) 26.56 Household Pers. Products 1.6 1.8 3.0 12.9 Information Technology (0.11) 1.2 6.0 (2.5) Metals/Mining/Minerals (1.4) (3.3) (3.2) 35.2 Telecom (1.2) (1.4) 4.6 0.6 Utilities (1.7) (4.0) (4.8) 25.4 Sectoral Performance (%) Construction Materials (0.8) 4.8 40.1 Health Care (2.7) (5.4) (6.3) (4.5) (6.8) 23-May-17 5725 (401) May-17 79900 (1531) DII Buy(Cr.) Net(Cr.) 23-May-17 3416 353 May-17 47132 3835 6125 Institutional Turnover FII Buy(Cr.) Sale(Cr.) Net(Cr.) 81430 Sale(Cr.) 3063 43297
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Edition 840 Sectoral Performance (%) Trading Calls · Derivative open interest is helping Nifty remain firm but high ... client to buy near 176.40 for the internal wave iii target
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Edition 840
Long/Buy Market
SGX Nifty
Nifty Key Levels
Support
Long/Buy
Long/Buy
Long/Buy
Long/Buy
Long/Buy
Narnolia Securities Ltd Market Research
Dabur India is in continuous uptrend since January 2017. The stock has given
a bullish breakout above 200 DMA with decent volumes. So some fresh
buying is likely to emerge in the stock at the current level.
Trend that started last Thursday remained in motion yesterday as
well. Derivative open interest is helping Nifty remain firm but high
valuation and weakening price pattern is forcing mid and small cap
to fall. Nifty Mid and Small cap has surely entered into a corrective
zone and any corrective or bounce back rally will be an
opportunity to trim positions. One must reshuffle portfolio by
reducing position in small & micro cap growth stock and add
weightage to mid and large cap quality stock.
Option data is indicating unwinding of positions in Put Back spread
hinting some more downside in the near term. Nifty range for
remaining two trading sessions in May series remains 9300-9500.
Interestingly S&P 500(US) is back to 2400 levels ignoring
Trump/Comey/Russia fears of last week.
MERCK 22th Mar 2017
Today Infy has broken the consolidation patter on upper side with resonable
volume. Therefore we advise our client to buy near 935 for the first price
target of 967 and second price target of 985 with 903 as SL. Stochastic is also
in rising trend.
After consolidating near 50 DMA since last one month, MERCK Ltd. has given
a sharp pullback rally yesterday. The stock has also given a channel breakout
above Rs 1020 with decent volumes.
Therefore we advise traders to initiate long position in the stock near Rs
1025 with a stop loss of Rs 928. The upside targets are Rs 1123 and Rs 1248.
The indicators (like RSI and MACD) are in oversold zone suggesting some
fresh upside in the extreme short term.
Market Outlook
INFY 3th May 2017
RTNPOWER 4th May 2017
Stock is in rising trend and rising in the form of 1,2,3,4,5,6,7. Hence we advise
our client to buy near 8.65 for the first price target of 9.05 and second price
target of 9.35 with 8.25 as SL. Stochastic is also trying to take support near
preceding bottom.
Today GSPL has confirmed the low point of wave 4, Hence we advise our
client to buy near 176.40 for the internal wave iii target of 183.50 and 189 of
wave 5 with 169.40 as SL. Volume is support during confirmtion of point 4.
GSPL 10th May 2017
DABUR 3th April 2017
Technical & Quant Update
Value % Change
Resistance
S1: 9309
24th May 2017
9400.00 0.08%
R1: 9505
Trading Calls
Today it has broken the trend reversal trend line with good volume.
Therefore we advise our client to buy near 67.60 for the price target of 72.20
and 74.30 with 63.40 as SL.
ASHAPURMIN 16th May 2017
INFY first targ achivedat Rs 935
1 Day 1 Week 1Month 1 Year
Auto Components (1.1) (3.7) 1.4 41.8
Automobiles 0.8 (1.9) 6.3 32.0
Chemicals (1.4) (5.3) (0.5) 31.9
Consumer Finance (0.9) (8.0) (3.4) 44.7
Construction & Engg 0.2 0.1 5.2 32.5
Div. Financial Services 0.9 2.0 12.2 58.7
Electrical Equipment (2.3) (7.0) (3.6) 23.1
Energy (1.4) (4.9) (4.4) 47.3
Financials (0.8) (4.1) 2.1 46.9
Household Durables (1.8) (6.6) (3.7) 26.56
Household Pers. Products 1.6 1.8 3.0 12.9
Information Technology (0.11) 1.2 6.0 (2.5)
Metals/Mining/Minerals (1.4) (3.3) (3.2) 35.2
Telecom (1.2) (1.4) 4.6 0.6
Utilities (1.7) (4.0) (4.8) 25.4
Sectoral Performance (%)
Construction Materials (0.8) 4.8 40.1
Health Care (2.7) (5.4) (6.3) (4.5)
(6.8)
23-May-17 5725 (401)
May-17 79900 (1531)
DII Buy(Cr.) Net(Cr.)
23-May-17 3416 353
May-17 47132 3835
6125
Institutional Turnover
FII Buy(Cr.) Sale(Cr.) Net(Cr.)
81430
Sale(Cr.)
3063
43297
Participant wise Open Interest In Equities Derivative (no. of contracts)
DII FII Pro Other DII FII Pro Other
Future Index 18609 175932 18277 226640 Future Index 24214 84579 62658 268007